I don't think the money the Government is setting aside for 'advice' will be adequate, with many now not willing to pay fees. Of course, we will see even more shady characters ready to offload people of their cash and extreme caution must be exercised.
Unfortunately this will be true, the carpetbaggers will be rubbing their hands with glee.
Yes these people (of which I will be one) have been prudent through their working lives, but suddenly will have access to 1/2 million quid. I don' t know how to invest this amount of money. The housing market will overheat again this time not on credit but on people with these sums buying houses to let out. It is a ticking bomb whereby younger people will no be able to afford to buy, and probably not be able to save.
Having said that the annuity market gave very poor value simply because you had to buy these, maybe companies may offer a more competitive annuities.